Reduction of the Investment Unit Through a Stock Split, Improved Liquidity and Expansion of the Investor Base
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
- FY2020AchievedAnnual report
「On 1 April 2020, the company conducted a stock split of its common shares at a ratio of 2 shares for each share. As a result, the total number of issued shares increased by 9,440,000 shares to 18,880,000 shares.」
A 2-for-1 stock split was conducted on 1 April 2020, increasing the total number of issued shares from 9,440,000 to 18,880,000. - FY2020-Q3First statedAnnual report
「The purpose of the stock split is to lower the amount required to invest in the company’s shares, improve liquidity and broaden the investor base. The company will split the common shares held by shareholders listed or recorded in the final shareholder register as of 31 March 2020 at a ratio of 2 shares for each share. Total number of issued shares before the stock split: 9,440,000 shares Number of shares to be increased through the stock split: 9,440,000 shares Total number of issued shares after the stock split: 18,880,000 shares Effective date: 1 April 2020」
At a Board of Directors meeting held on 13 February 2020, the company resolved to conduct a 2-for-1 stock split to lower the investment unit, improve liquidity and broaden the investor base.